Sierra Metals (TSE:SMT) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Shares of Sierra Metals Inc. (TSE:SMT - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.79 and traded as low as C$0.75. Sierra Metals shares last traded at C$0.77, with a volume of 37,055 shares trading hands.

Sierra Metals Trading Down 1.4 %

The firm has a 50 day simple moving average of C$0.85 and a 200 day simple moving average of C$0.79. The company has a current ratio of 0.86, a quick ratio of 0.35 and a debt-to-equity ratio of 108.12. The firm has a market capitalization of C$107.31 million, a PE ratio of -18.97 and a beta of 2.12.

Insiders Place Their Bets

In other news, Director J. Alberto Arias sold 88,952 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$0.76, for a total transaction of C$67,753.67. In the last 90 days, insiders sold 764,137 shares of company stock valued at $681,355. 2.86% of the stock is owned by insiders.

Sierra Metals Company Profile

Sierra Metals Inc, together with its subsidiaries, focuses on the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company's flagship property is the 82% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru.